Forum Replies Created
-
AuthorPosts
-
patientrenter
Participantgold dredger, I don’t know if you were serious or sarcastic, but buying sure looks a lot better now than it did a few months ago, or even a few days ago. I am going to be checking my favorite Asian stocks to see if they have crossed my thresholds for a good enough deal.
Patient renter in OC
Participantgold dredger, I don’t know if you were serious or sarcastic, but buying sure looks a lot better now than it did a few months ago, or even a few days ago. I am going to be checking my favorite Asian stocks to see if they have crossed my thresholds for a good enough deal.
Patient renter in OC
Participantgold dredger, I don’t know if you were serious or sarcastic, but buying sure looks a lot better now than it did a few months ago, or even a few days ago. I am going to be checking my favorite Asian stocks to see if they have crossed my thresholds for a good enough deal.
Patient renter in OC
Participanttakilma, it sounds like you’ve got it about right at $220K. Sure, you could offer more if you thought nothing better was likely to come up. But if you believe the fall in prices is going to be big, and prolonged (and most posters here do) then the bank will be the loser if they don’t accept your offer. It doesn’t sound like they have any other bidders. There’ll be lots more like it soon enough.
If you’re a little desperate, as many are after years of waiting for reasonable prices, then go for it. (I turned down a decent $299k condo, 40% off 2006 prices, here in OC just a few weeks ago. I didn’t worry because I am confident that I’ll have lots more like it soon.)
Patient renter in OC
Participanttakilma, it sounds like you’ve got it about right at $220K. Sure, you could offer more if you thought nothing better was likely to come up. But if you believe the fall in prices is going to be big, and prolonged (and most posters here do) then the bank will be the loser if they don’t accept your offer. It doesn’t sound like they have any other bidders. There’ll be lots more like it soon enough.
If you’re a little desperate, as many are after years of waiting for reasonable prices, then go for it. (I turned down a decent $299k condo, 40% off 2006 prices, here in OC just a few weeks ago. I didn’t worry because I am confident that I’ll have lots more like it soon.)
Patient renter in OC
Participanttakilma, it sounds like you’ve got it about right at $220K. Sure, you could offer more if you thought nothing better was likely to come up. But if you believe the fall in prices is going to be big, and prolonged (and most posters here do) then the bank will be the loser if they don’t accept your offer. It doesn’t sound like they have any other bidders. There’ll be lots more like it soon enough.
If you’re a little desperate, as many are after years of waiting for reasonable prices, then go for it. (I turned down a decent $299k condo, 40% off 2006 prices, here in OC just a few weeks ago. I didn’t worry because I am confident that I’ll have lots more like it soon.)
Patient renter in OC
Participanttakilma, it sounds like you’ve got it about right at $220K. Sure, you could offer more if you thought nothing better was likely to come up. But if you believe the fall in prices is going to be big, and prolonged (and most posters here do) then the bank will be the loser if they don’t accept your offer. It doesn’t sound like they have any other bidders. There’ll be lots more like it soon enough.
If you’re a little desperate, as many are after years of waiting for reasonable prices, then go for it. (I turned down a decent $299k condo, 40% off 2006 prices, here in OC just a few weeks ago. I didn’t worry because I am confident that I’ll have lots more like it soon.)
Patient renter in OC
Participanttakilma, it sounds like you’ve got it about right at $220K. Sure, you could offer more if you thought nothing better was likely to come up. But if you believe the fall in prices is going to be big, and prolonged (and most posters here do) then the bank will be the loser if they don’t accept your offer. It doesn’t sound like they have any other bidders. There’ll be lots more like it soon enough.
If you’re a little desperate, as many are after years of waiting for reasonable prices, then go for it. (I turned down a decent $299k condo, 40% off 2006 prices, here in OC just a few weeks ago. I didn’t worry because I am confident that I’ll have lots more like it soon.)
Patient renter in OC
Participantdrunkle: “what would you do or think if the value of the place dropped as low as 125k? or even lower? 190k for a condo in escondido still sounds absurd…”
To get an idea of how low this condo MIGHT go, just look up the price of it, or comparable condos, in 1996-1998. Add 40% for inflation.
Patient renter in OC
Participantdrunkle: “what would you do or think if the value of the place dropped as low as 125k? or even lower? 190k for a condo in escondido still sounds absurd…”
To get an idea of how low this condo MIGHT go, just look up the price of it, or comparable condos, in 1996-1998. Add 40% for inflation.
Patient renter in OC
Participantdrunkle: “what would you do or think if the value of the place dropped as low as 125k? or even lower? 190k for a condo in escondido still sounds absurd…”
To get an idea of how low this condo MIGHT go, just look up the price of it, or comparable condos, in 1996-1998. Add 40% for inflation.
Patient renter in OC
Participantdrunkle: “what would you do or think if the value of the place dropped as low as 125k? or even lower? 190k for a condo in escondido still sounds absurd…”
To get an idea of how low this condo MIGHT go, just look up the price of it, or comparable condos, in 1996-1998. Add 40% for inflation.
Patient renter in OC
Participantdrunkle: “what would you do or think if the value of the place dropped as low as 125k? or even lower? 190k for a condo in escondido still sounds absurd…”
To get an idea of how low this condo MIGHT go, just look up the price of it, or comparable condos, in 1996-1998. Add 40% for inflation.
Patient renter in OC
ParticipantAnd how would you have done that, PadreBrian? I knew about the various ABXs, and wanted to short some of them in late May ’07, but as far as I could tell, you had to be a Qualified Institutional Buyer to do that, and have enough money to get an investment bank’s attention and enter into a contract with them. I don’t think there were any exchange-traded derivatives allowing you to short the ABXs.
Does anyone on this board know if the unwashed masses (well, let’s say an Accredited Investor) could have shorted the ABX’s? Chris S?
Patient renter in OC
-
AuthorPosts
